QuickBooks Desktop Being Discontinued! Here’s All You Need To Know

Running outdated software might severely impact the application’s performance and provoke security threats. Consequently, it would prevent the users from running the software smoothly without encountering technical snags. Likewise, Intuit launched several new software versions and discontinued the older ones to stay updated with the latest features. If you are also looking for the query, “Is QuickBooks Desktop being phased out,” you must read this post attentively to find the correct answer.

Do you want to gather more details about QuickBooks Desktop’s Discontinuation Policy? To Contact us  you can call us at +1-844-248-9739 and can have conversation with our experienced team for instant solutions of your queries, and our QuickBooks experts will provide the proper assistance immediately.

Is QuickBooks Desktop being phased out?- Briefly Explained

According to the latest update of Intuit, the QuickBooks Desktop 2020 is sunsetting after May 31, 2023. The users won’t be able to purchase the QuickBooks Desktop 2020 edition. However, the users can use the QuickBooks Desktop 2023 and the 2024 editions or Intuit QuickBooks Online to manage their financial tasks.

With the Phased Out QuickBooks Desktop, the users won’t be able to use the live technical support facility for the QBDT 2020 edition. This edition comprises QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions v20. If you are currently using the Quickbooks Desktop 2020 edition, it’s high time to switch to QuickBooks Desktop 2024 or the QuickBooks Desktop 2023 edition for a better accounting experience.

What’s the Reason Behind the QuickBooks Desktop Being Discontinued?

Staying ahead with the latest features and functions of the QuickBooks Desktop software is the utmost priority to simplify accounting tasks. So, according to the latest changes in the accounting and tax regulations, Intuit has decided to discontinue all the QuickBooks Desktop version services for UK customers from 30th June 2023. Under this, it covers all the QuickBooks Desktop editions like QuickBooks Desktop Pro, Premier, and Enterprise.

After the discontinuation of QuickBooks Desktop 2020, it won’t allow the users to use QuickBooks Desktop Payroll, Desktop payments, and live chat facility. Also, it stops the users from accessing features like Online Backup and Online Banking.

Which QuickBooks Desktop 2020 Services are Being Affected After Discontinuation?

You might wonder about the consequences of discontinuing the QuickBooks Desktop 2020 version. If yes, then you have arrived at the correct place. Below, we have discussed all the products you can’t use after the phase-out. Look at the pointers listed below to learn about the details in detail.

A. Payroll Services:-

1. Assisted Payroll:- After the end of QuickBooks Desktop 2020, the users can no longer computer the appropriate payroll taxes and provide payroll forms. The users can’t be able to send your payroll data, and your subscription will get expired.
2. Payroll:- After the effect of QuickBooks Desktop 2020 discontinuation, you won’t be able to prepare the paychecks appropriately, and your subscription will be automatically canceled.
3. Worker’s Compensation Payment Service:- It becomes very difficult for companies to process their Worker’s Compensation Payments using the QuickBooks Desktop 2020 edition. In that scenario, you only need a valid QuickBooks payroll subscription to run the payroll services smoothly.
4. QuickBooks Workforce:- The employees will need help accessing their QuickBooks Workforce account. Using this service may require a valid payroll subscription and a compatible version of QuickBooks. 

B. Credit Card Processing:-

1. Payment Processing:- Whenever you try to pay via QuickBooks Desktop 2020, you will be notified that you can’t longer access this service. It prevents you from processing credit card and check transactions.
2. Recurring Payments:- The users won’t be able to download the recurring payments via QuickBooks Desktop 2020. Only it will let you handle your recurring payments via MerchantCenter.intuit.com.
3. eInvoice:- After the QuickBooks Desktop discontinuation, it becomes difficult to process the eInvoice. All you require is the latest edition of QuickBooks and an active payment subscription to run the service smoothly.
4. Merchant Service Deposit:- With the discontinuation of the QuickBooks Desktop after May 31, 2024, users won’t be able to download credit cards and review the details of the product.

C. Other Services:- 

1. Accountant Copy Transfer Service:- The users won’t be able to send the accountant copies in QuickBooks Desktop after the discontinuation policy.
2. Online Banking:- After the discontinuation, it might stop the users from downloading the latest bank transactions, sending online payments, or sending online transfers.
3. Multi-Currency/Exchange Rate:- It stops the users from accessing the multi-currency/exchange rate feature.
4. QuickBooks Time:- You won’t be able to access the QuickBooks Time feature. To synchronize your QuickBooks Time Data with QuickBooks, you must transfer QuickBooks Online or use a web connector feature.
5. Contributed Reports:- This feature is not accessible by the users of the QuickBooks Desktop 2020 version.

D. Products Affected After May 31, 2023:-

1. QuickBooks Desktop Pro 2020
2. QuickBooks Enterprise Accountant 20
3. QuickBooks Desktop for Mac 2020
4. QuickBooks Enterprise Solutions 20
5. QuickBooks Premier Accountant Edition 2020
6. QuickBooks Desktop Premier 2020 (Used mainly for General Business, Contractor, Manufacturing and wholesale, Nonprofit, Professional Services, and Retail)

The users won’t be able to use the QuickBooks Desktop Point of Sale 19.0 after October 3, 2023.

What Other Options Can You Opt for After Discontinuation Of QuickBooks Desktop?

If you are still operating the QuickBooks Desktop 2020, you can upgrade it to the newly launched version i.e, QuickBooks Desktop 2024. Otherwise, you can also move to the QuickBooks Online application or opt for another cloud-accounting software.

Upgrade the QuickBooks Desktop application:-

You must upgrade to the new version to continue using the QuickBooks Desktop edition to manage your accounting tasks. Upgrading to the newly launched version will give you an unlimited customer support facility, and you can utilize the enhanced features launched.

To upgrade to the newly launched version, you only need to buy a new license and then download the software.

Transfer to Intuit QuickBooks Online Edition:-

Another way of QuickBooks Desktop 2020 edition is that you can move to the Intuit QuickBooks Online Edition. It is a cloud-based accounting software that users can access anywhere and anytime with a stable internet network connection. Moreover, using this QuickBooks edition, you can also use the automatic bank account updates option and access your books of accounts remotely.

Apart from this, the users can also utilize all the features in QuickBooks Desktop and the newly added ones.

Migration to Another Accounting Software:-

For instance, if you wish to transfer the QuickBooks Online application to another accounting software like Quicken Sage, etc. In that scenario, you must shift all the data from the QuickBooks Desktop edition to the accounting solution.

Drawing to a Conclusion!!

Through this comprehensive guide, we assure you that you have the answer to your query, “Is QuickBooks Desktop being phased out?”. However, if you still have some issues, in that case, you must connect with our professionals and clarify all your doubts without making much effort. They will guide you with useful tips to figure out your problem easily.